Hi traders,
Last week XAUUSD went higher and invalidated the bearish triangle pattern. Now there are multiple possibilities
Next week it could break the high of the (blue) wave b and drop to the low of blue wave a for a bigger flat correction. Or the correction is finished with the bullish triangle (blue a-b-c-d-e) and we could see this pair go up some more to break the large wick.
Let's see what price does and react.
Trade idea: wait for a clear direction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week XAUUSD went higher and invalidated the bearish triangle pattern. Now there are multiple possibilities
Next week it could break the high of the (blue) wave b and drop to the low of blue wave a for a bigger flat correction. Or the correction is finished with the bullish triangle (blue a-b-c-d-e) and we could see this pair go up some more to break the large wick.
Let's see what price does and react.
Trade idea: wait for a clear direction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave